Company type
Limited Corporation
Established
1986
Size
Medium
Employees
63
Revenue
- DKK
Gross profit
68 MDKK
Operating Profit (EBIT)
25 MDKK
Profit for the Year
15 MDKK
Equity
49 MDKK
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Rank Profit for the Year

Rank in industry
6/810
"Top 10%"
Rank in Denmark
6,727/303,241
"Top 10%"

Top management Top 3

Legal owners Top 3

100%Sjølund Management Aps

Rights certificate

Selskabet tegnes af et medlem af direktionen eller af den samlede direktion.

Company information based on CVR

NameSjølund A/S
Alternate namesMaskinfabriken Sjølund A/S, Sjolund A/S Show more
CVR10298644
AddressSkamlingvejen 146, 6093 Sjølund
IndustryMachining [256200]
Webhttp://
Established10-05-1986 (34 yr)
Company typeLimited Corporation
Number of employees63 (Fin.Stmt)
Advertising protectionNo
AuditorPricewaterhousecoopers Statsautoriseret Revisionspartnerselskab since 23-06-2014
Financial statement period01-10 to 30-09
Company capital500,000 DKK
200,000 DKK (08-01-1987 - 29-08-1987)
Articles of assoc. last03-06-2019

Member of industries

Purpose

Selskabets formål er at drive produktion og handel samt anden ifølge bestyrelsens skøn i forbindelse dermed stående virksomhed

Financial Statement

 201920182017
Currency/unit000' DKK000' DKK000' DKK
Revenue
-
-
-
-
-
-
Gross Profit
68,169
+7%
63,734
-19%
78,614
+18%
Profit for the Year
14,675
-30%
20,950
-17%
25,165
-2%
Equity
49,353
-26%
66,353
+45%
45,651
+45%
Total Assets
170,679
+6%
161,255
+62%
99,240
+9%

Mangement review

Key activities
Sjølund Group's main activity is profile bending, machining and welding of steel and aluminum profiles. We drive to create value for our customers with delivering quality products and innovative solutions.
Development in the year
The income statement of the Group for 2018/19 shows a profit of TDKK 14,675, and at 30 September 2019 the balance sheet of the Group shows equity of TDKK 49,353.
The main reasons for the decrease in result is:

- Long sale-in period in 2 of the segments/markets where cost to develop the sales as been incurred in the financial year but the increase in activity/sales has been materializing slower than excepted

- Reduction in activity in segment/market resulting in an underutilization of facility in Estonia.

The result of the group is by management evaluated as satisfactory considering the marked development.
The past year and follow-up on development expectations from last year
The expectation going into this financial year was that the result would be at the level as last year. The result for 2018/19 is realized at TDKK 14,675 compared to TDKK 20,950 last year which is below expectations as per last financial report. This is due to decrease in activity and development of segments as mentioned above.
Capital resources
With the presented balance sheet and the expectations for 2019/20 we believe that the company has sufficient capital resources available
Special risks - operating risks and financial risks
Foreign exchange risks
As per the business model of the company there are no special risks neither commercially nor financially.

The Group has a currency exposure with regards to fluctuation in USD and due to business activities in the US market.
Targets and expectations for the year ahead
For the year 2019/20 the result is expected to be at a significant higher level.
External environment
It is the valuation of the management that the environment impact of the activities of the Sjølund Group are limited. All production processes are powered by electricity with reccertification. The production facility it heated with gas or electricity. Water is only used for sanitary purposes.

Furthermore, the group is certified in accordance with ISO 14001 standard and consequently monitoring and focusing on reduction and optimizing on the environment impact of the activities.
20-12-2019

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